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>> steve: he had an awful debate. now what they're doing, the democrats, they've decided we've got a new strategy. rather than painting mitt romney as an extremist, we're going to call him a liar. here is the head of the dnc communications department. listen. >> there has been plenty of people pointed out what a liar mitt romney is and was last night. i mean, testifies talking -- if he was speaking last night, he was lying. look, mitt romney had a good night. but, you know, even a blind squirrel gets a nut every now and then. >> steve: so that's the best they can do? >> it's not very good. you know, when he came out, when the president came out and he came out with that classic strut that he uses sometimes and my wife busted. she said, i don't like when you do it and i don't like when he does it. that kind of dashing walk. >> brian: why? >> because it's like i'm macho and i'm posturing, absolutely fake. i thought the telling moment happened almost immediately because it was his 20th anniversary with michelle. he has b
>> steve: he had an awful debate. now what they're doing, the democrats, they've decided we've got a new strategy. rather than painting mitt romney as an extremist, we're going to call him a liar. here is the head of the dnc communications department. listen. >> there has been plenty of people pointed out what a liar mitt romney is and was last night. i mean, testifies talking -- if he was speaking last night, he was lying. look, mitt romney had a good night. but, you know, even a...
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Oct 3, 2012
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let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers. i think i wouldn't be surprised if it came in a little soft. >> kate, do you agree with that? if so, is this priced into the market? >> yes, absolutely priced in, maria. great question. what they're going to expect is for it to be terrible. if it isn't terrible, we'll see a rally. what matters most to this market is earnings. we're in pre-earnings disappointment season where we're going to float a little bit until earnings come out. we've seen a friend where earnings have beat expectations. we've gone down to earnings, earnings beat expectations, then we've had a good rally. i thin
let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers....
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Oct 8, 2012
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steve, gretchen? >> steve: thanks. radical muslim jihaddists training right under our noses on american soil? according to a new book, dozens of terrorist training compounds have been scattered across the united states for more than three decades. >> gretchen: joining us now is the author of "twilight in america" and founder of president of the christian action network. how did you become interested in trying to see how many of these camps exist under our noses? >> we had been riding -- writing issues with radical islam and a f.b.i. act said do you understand you have a terrorist compound of islamic muslim training about 30 miles from your office, so you better be careful with what you're doing. that's how we became interested. >> steve: i understand a guy who was recruited out of prison to -- and wound up living with the people at the terror training camps who was working with the nypd, came up to you and he goes, look, i got to tell you the story because if people knew what was going on here, they'd be horrified. >>
steve, gretchen? >> steve: thanks. radical muslim jihaddists training right under our noses on american soil? according to a new book, dozens of terrorist training compounds have been scattered across the united states for more than three decades. >> gretchen: joining us now is the author of "twilight in america" and founder of president of the christian action network. how did you become interested in trying to see how many of these camps exist under our noses? >>...
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Oct 5, 2012
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. >> steve, we've got time. >> you know, yeah, joe biden is going to step back and go take your time. go ahead, you know, we can listen. >> yeah, there is this famous s and l sketch from the 1988 election. and he said you got 1:30 and talk about what you do for the homeless problem. he says i don't have enough time there is so much to get to. you know what, we have stopped the clock for you. and he stairs. you wonder, the thing was, in the debate last night. obama had multiple opportunities to press romney and be specific on the math and present the math to people to make them understand. he missed the opening and i think crystal is right. when you look at how joe biden has conducted himself in the past. one of the big reasons he is on the ticket in the first place is how well he performed in the last debates. he made a strong impress on democrats and the obama campaign. if you go way back in history for joe biden that campaign ended. but in the early going in the spring and summer that year, he had a reputation for being a powerful performer for performing well that summer. but you k
. >> steve, we've got time. >> you know, yeah, joe biden is going to step back and go take your time. go ahead, you know, we can listen. >> yeah, there is this famous s and l sketch from the 1988 election. and he said you got 1:30 and talk about what you do for the homeless problem. he says i don't have enough time there is so much to get to. you know what, we have stopped the clock for you. and he stairs. you wonder, the thing was, in the debate last night. obama had multiple...
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Oct 3, 2012
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>> steve: probably not. meanwhile, have you ever wondered why songs get stuck in your head, like this one. ♪ going to give you up ♪ never gonna let you down ♪ never gonna run around ♪ . >> steve: can you hear what's in my head now? >> brian: no, just you. >> steve: the song stuck in your head means you're a little nutty? we're calling in a doctor to find out. >> martha: we're all nuts if it does. >> steve: "fox & friends" hour two for wednesday starts now. >> steve: yeah, that was not probably the song that would stick in my head. >> brian: you played along well. we don't know what's stick as soon as there. >> steve: with martha it's probably by one of the carpenters. >> martha: the one where we're never going to ever, ever get back together. >> brian: i hope this is a breakout hit because she's been struggling, taylor swift. can she -- everything she does becomes number one. america is drunk with taylor swift. >> steve: isn't she dating that 18-year-old kennedy kid now? >> brian: right. >> martha: s
>> steve: probably not. meanwhile, have you ever wondered why songs get stuck in your head, like this one. ♪ going to give you up ♪ never gonna let you down ♪ never gonna run around ♪ . >> steve: can you hear what's in my head now? >> brian: no, just you. >> steve: the song stuck in your head means you're a little nutty? we're calling in a doctor to find out. >> martha: we're all nuts if it does. >> steve: "fox & friends" hour two for...
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Sep 30, 2012
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if steve cross had a follow-up to that, they never aired it. >> that's right, they never follow up with the president. the fundamental flaw in the media's thinking as exhibited, when the president says well, the organizing principle is islam, mr. president, it's not just islam, it's the extremist wing of islam and name me a country other than indonesia and maybe turkey though we don't know exactly where that's going where this fundamentalist islam has been nonviolent, has promoted equality of women or any other things. this is a fool's errand and the editorials in the newspapers miss this because they don't have a religious perspective. >> judy, the death, the assassination of our ambassador, of two former seals, of the state department employee, bumps in the road. where was the criticism over that comment? >> i think what the president was talking about was the broader context of the wave of change, and that in the wave of change, there are going to be bumps on the road. he -- i do not think that he meant to suggest an and most people did not interpret it to mean the death of four amer
if steve cross had a follow-up to that, they never aired it. >> that's right, they never follow up with the president. the fundamental flaw in the media's thinking as exhibited, when the president says well, the organizing principle is islam, mr. president, it's not just islam, it's the extremist wing of islam and name me a country other than indonesia and maybe turkey though we don't know exactly where that's going where this fundamentalist islam has been nonviolent, has promoted...
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Oct 2, 2012
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joining me now is steve and karen. karen, the expectation game has gotten really out of hand this time. finally chris christie, for whatever reason, just kind of gave up and stated the obvious and said well, of course. you know, mitt romney has to be the big winner on this first debate. >> well, i think he was like look, let me keep my credibility in check because he's been watching what has happened to congressman ryan over the course of this campaign. but i think each man has a different thing they need to accomplish. i think for governor romney he needs to have a strong performance. it's not just about one performance for him. his problem is a lack of consistency. he's got to have a good wednesday, thursday, friday, saturday. every day to the election. if you see him give one good performance and the next day they're off message, it's more of what we've seen the bumbling along throughout the campaign. and i think for president obama the challenge is, as my former boss howard dean said, don't get irritable. it's goin
joining me now is steve and karen. karen, the expectation game has gotten really out of hand this time. finally chris christie, for whatever reason, just kind of gave up and stated the obvious and said well, of course. you know, mitt romney has to be the big winner on this first debate. >> well, i think he was like look, let me keep my credibility in check because he's been watching what has happened to congressman ryan over the course of this campaign. but i think each man has a...
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we're joined by steve kornacki, co-host of "the cycle," jimy williams back in new york. steve, mr. hannity and, what's his name, mr. carlson, is that his name, they talk about whipping up fear, paranoia and hatred. that's them, not the video, isn't it? >> i mean, it is amazing to me that the right is still, five years after barack obama became a presidential candidate -- >> five years after i saw that very video. >> the moment, if there was a moment the whole jeremiah wright association and all this racial stuff that's there, if there was a moment that that was going to hurt and sink barack obama politically, it was april of 2008. there was a serious crisis in barack obama's campaign. he delivered a speech on race, a speech to be remembered for years to come and that put the issue to rest for 70%, 80% of the public. but there's this sliver of the public on the right still living in april of 200. it's a real problem for the republican party. when you're a month away from the election and your candidate is losing and this is what you're counting on as the big bombshell, you're out of
we're joined by steve kornacki, co-host of "the cycle," jimy williams back in new york. steve, mr. hannity and, what's his name, mr. carlson, is that his name, they talk about whipping up fear, paranoia and hatred. that's them, not the video, isn't it? >> i mean, it is amazing to me that the right is still, five years after barack obama became a presidential candidate -- >> five years after i saw that very video. >> the moment, if there was a moment the whole...
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Oct 7, 2012
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. >> steve murphy worked with dukasis. >> they will not let you ride in the tank without wearing a helmet. >> john: it turned into this commercial. >> do ads like that really work. consultants think they do. they still rave about this ad. it ran only once, they say it changed all campaigns. it was the first negative ad to use fear and raw emotion. >> ten, nine, eight, seven, six, five, four, three, two, one --. >> these are the stakes we must either love each other or we must die. >> vote or die, pretty relevant. >> john: but pretty unfair. >> he worked on the bush campaign that ran this ad consoling 9/11 victims. >> i took ashley in my arms and embraced her. it was that moment we saw her eyes fill up with tears. >> you are playing this music and we are supposed to vote for this guy because she tears up. >> that is exactly what they did. the ad aired in ohio and it was pivotal. >> john: this ad also was aired. >> more men and women will go to work than ever before in our history. >> i see this ad coming on television. it's this farmer and beautiful pasture. they put their hands over the h
. >> steve murphy worked with dukasis. >> they will not let you ride in the tank without wearing a helmet. >> john: it turned into this commercial. >> do ads like that really work. consultants think they do. they still rave about this ad. it ran only once, they say it changed all campaigns. it was the first negative ad to use fear and raw emotion. >> ten, nine, eight, seven, six, five, four, three, two, one --. >> these are the stakes we must either love each...
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Oct 2, 2012
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steve, where do you come out in this? he said what congressman said that the evidence of fraud is very, very small. yet, almost everything else we do in society today requires an id. one of the things i don't understand, you find accusation of voter fraud in democratic primaries in newark, new jersey corey booker's people accused frazier's people of fraud. >> did anyone go to court on th this. >> i know we are talking about new jersey, but please. >> the entire political machine in essex county supported james. who was re-elected in. >> i admire bill, but there is nothing in the constitution that says we have a right to have illegal elections. >> i'm not advocating in any way someone who has the right to vote voting one, two, three times. >> in mississippi, come on it is wrong. >> and this is the effort that. >> if you had a voter id requirement it would be hard to keep voting the dead multiple times. >> come on larry, nobody is advocating that. >> i think the elect tore is hop e honest. i went through a situation where m
steve, where do you come out in this? he said what congressman said that the evidence of fraud is very, very small. yet, almost everything else we do in society today requires an id. one of the things i don't understand, you find accusation of voter fraud in democratic primaries in newark, new jersey corey booker's people accused frazier's people of fraud. >> did anyone go to court on th this. >> i know we are talking about new jersey, but please. >> the entire political...
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steve osunsami, abc news, rocky mount, north carolina. >>> and still ahead right here on "world news," can you guess how this family and what's in their house could hold the key to america's big comeback? and, by the way, it was made in america. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose da
steve osunsami, abc news, rocky mount, north carolina. >>> and still ahead right here on "world news," can you guess how this family and what's in their house could hold the key to america's big comeback? and, by the way, it was made in america. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're...
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Oct 2, 2012
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. >> i'm steve kornacki with the other big story for the style, the fight for the senate. elizabeth warren and scott brown face-off again. >> i'll tell you the right way to watch the debates. you're in "the cycle" for tuesday, october 2nd. >>> we're sizing up the candidates before tomorrow's fight night in denver. "the cycle's" ringside for all the action. the weigh-in is over, and now it's time to enter the ring. in one corner, president obama "no drama" obama and in the other governor williard mitt tens romney. both are keeps expectations low but both step into the ring with plenty of debate experience in the past five years. can either deliver a knockout punch without going below the bench? do we search body punches over job plans? will romney be over the ropes for taxes, bill obama be bum rushed for specifics. will jim lair send them to certain corners. after some debate of our own, we compiled our own list of what to watch. wasn't easy. here's a glimpse into the editorial brainstorm. >> the president has a double-edged sword being the president, because he's got a lot
. >> i'm steve kornacki with the other big story for the style, the fight for the senate. elizabeth warren and scott brown face-off again. >> i'll tell you the right way to watch the debates. you're in "the cycle" for tuesday, october 2nd. >>> we're sizing up the candidates before tomorrow's fight night in denver. "the cycle's" ringside for all the action. the weigh-in is over, and now it's time to enter the ring. in one corner, president obama "no...
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Oct 6, 2012
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so bob kerrey is turning to his own endorsement, steve martin. >> hi, i'm steve martin. you probably know me as the actor and comedian. but did you know i'm also a home crafts expert? today i'm going to show you how to make a wad of paper. a wad of paper can be a lot of fun just to play with around the house or maybe toss expertly into a trash can. but who wants to go down to a fancy office building and root around in their dumpster to find a good one. so i'm going to show you how to make one at home with things you have lying around the house. you're going to need a blank piece of paper, some paper clips, a few grabs, a stapler, a stick of gum, some scissors, and a hammer. so let's get started. take your blank piece of paper and make a fold. take one of your paper clips and just clip it like so. like this. make another fold and take a grab, make a puncture, bend the brads back like this. take another fold, take your stapler, give it a punch or two like this, maybe one more fold, use your stapler. a good stapler is always handy. then you're going to take your stick of gu
so bob kerrey is turning to his own endorsement, steve martin. >> hi, i'm steve martin. you probably know me as the actor and comedian. but did you know i'm also a home crafts expert? today i'm going to show you how to make a wad of paper. a wad of paper can be a lot of fun just to play with around the house or maybe toss expertly into a trash can. but who wants to go down to a fancy office building and root around in their dumpster to find a good one. so i'm going to show you how to make...
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Sep 30, 2012
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the fundamental flaw as crypted by steve croft. they say it's not just islam it's the extremist wing of islam and name me another country other than indonesia and turkey where the fundamentalist islam has then nonviolent or promoted women or any other things. the newspapers all missed this because they don't have a religious perspective. >> rick: the assassination of our ambassador and two former seals. where was cri, bumps in the road, where was the criticism in that comment? >> i think the wave in change and in the wave the change there is going to be bumps in in the road. i don't think he meant to suggest and most people did not interpret that the death of four american officials is a bump in the road. but there was so much in that 60 minutes interview, his calling netanyahu insistence on red line noise, there could have been so much followed up and wasn't. i'm really surprised. >> rick: when governor romney delivered his initial response after the attack on consulate in benghazi he was ganged up by the media. they coordinated h
the fundamental flaw as crypted by steve croft. they say it's not just islam it's the extremist wing of islam and name me another country other than indonesia and turkey where the fundamentalist islam has then nonviolent or promoted women or any other things. the newspapers all missed this because they don't have a religious perspective. >> rick: the assassination of our ambassador and two former seals. where was cri, bumps in the road, where was the criticism in that comment? >> i...
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steve, what have you got? >> yeah, well, you know, my favorite twitter was probably the romney zingers. there were fun ones over the weekend. we had fun ones on the show yesterday. and i think the picture of krystal is my favorite one. i think krystal mentioned this yesterday how twitter changed the real-time events, we have a more dramatic and serious example of it from this campaign, and that was paul ryan's acceptance speech at the republican convention, which was filled with some whoppers. but there was real-time fact-checking playing out on twitter as this was happening. you look at past elections, there might are been a stagger, a delay of a few days for a backlash to build against that speech or never a backlash at all. but because there's so much -- there's an inner connectedness between reporters, pundits, sort of activists, everybody is sort of in one place there on twitter, you know, all of the support material was provided in real time to debunk what ryan was saying. i think it affected the coverag
steve, what have you got? >> yeah, well, you know, my favorite twitter was probably the romney zingers. there were fun ones over the weekend. we had fun ones on the show yesterday. and i think the picture of krystal is my favorite one. i think krystal mentioned this yesterday how twitter changed the real-time events, we have a more dramatic and serious example of it from this campaign, and that was paul ryan's acceptance speech at the republican convention, which was filled with some...
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steve harrigan live from miami marlins park. steve hit by his very first pitch. vertigo, double vision. did adam greenberg ever give up on the sport that he grew up on and loved? >> adam greenberg says since his boyhood, he had always dreamed of playing as a major league baseball player and says despite seven years of waiting and the hard injuries, he said he never gave up on that dream and the more you hear this young man talk, you realize he is someone with a remarkable attitude. >> i was at a low point a few times. but always realizing that there is light at the end and no matter what, you have two choices, you can stay down and just feel sorry for yourself or get up and keep going. >> greenberg behind signed a one-day contract for this game with the miami marlins. but he says at 31, he's still hoping to sign on full time with a team for next season, bill. >> bill: he's gotten some help with his comeback. what's happened there? >> a huge on-line drive by a film maker who says he's been inspired by greenberg hopes to get him another at bat. he said the inspirat
steve harrigan live from miami marlins park. steve hit by his very first pitch. vertigo, double vision. did adam greenberg ever give up on the sport that he grew up on and loved? >> adam greenberg says since his boyhood, he had always dreamed of playing as a major league baseball player and says despite seven years of waiting and the hard injuries, he said he never gave up on that dream and the more you hear this young man talk, you realize he is someone with a remarkable attitude....
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Oct 1, 2012
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we're getting your fourth quarter play back from pete and steve here with me and stephanie link and steve grasso and i will start with you. given what happened last week in the market, did you guys come in today a little skeptical about this move in the market and then we got the ism report and that changed your way of thinking? >> i think you always come in skeptical because you wonder how much is window dressing and how much is the market itself creating and when you look at it, i think there are great opportunities going toward the fourth quarter. i am looking at certain areas i want to remine offensive and remain opportunistic and i am looking at certain names i know you like as well and i still think apple is under valued and goes higher. that's one of the names i would point out. if our on the defensive side i am looking at the big pharma names where you are looking at the valuation and the yield as well as the big money center banks and i would also stick with something like a kkr, black stone, and a lot of students depending how aggressive or offensive or defensive you want to be.
we're getting your fourth quarter play back from pete and steve here with me and stephanie link and steve grasso and i will start with you. given what happened last week in the market, did you guys come in today a little skeptical about this move in the market and then we got the ism report and that changed your way of thinking? >> i think you always come in skeptical because you wonder how much is window dressing and how much is the market itself creating and when you look at it, i think...
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>> how did she answer that, steve? >> i mean, you know, she was very -- she would say you would have to admire him for his guts and courage, you know? she took a really light-hearted view of it. i mean, like they say, you know, their daughter is not there yet. my daughter is 15, you know. she had her first boy guest over with a group of girls, you know, group of girls and guys came over to the house this past labor day, so, i mean, it's something we all got to face eventually. i hated the boy. >> well, you are going to hate the boy. i mean, obviously. tell us a little bit about -- >> automatically. >> yes, automatically. tell us what she talked about in terms of the things that she would like people to know. clearly, it was challenging back four years ago. there were a lot of questions about, you know, the priests, reverend wright and all this. now people know the family. they're in the white house. what did she really want to convey in your interview? >> i mean, you know, i thought she was trying to get -- and i thoug
>> how did she answer that, steve? >> i mean, you know, she was very -- she would say you would have to admire him for his guts and courage, you know? she took a really light-hearted view of it. i mean, like they say, you know, their daughter is not there yet. my daughter is 15, you know. she had her first boy guest over with a group of girls, you know, group of girls and guys came over to the house this past labor day, so, i mean, it's something we all got to face eventually. i...
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he is a buy has been on steve cohen's tail at sac capital. this guy is serious and going after geithner right now essentially demanding what he knew back in 2007 and 2008 when geithner was new york fed chairman and clearly was briefed and did an investigation on alleged manipulation of bib lore. that is what he is doing. demanding geithner come clean, tell us exactly what you knew. tell us about, did you even think of the consequences of manipulating libor? for example, cities and states, higher borrowing costs because cities and states are involved in complex arrangements if you manipulate the rate down it still hurts them. did he ever think about that? did he think about the consequences? that is all mapped out in the letter. this letter is appearing on fox business network.com we should point out one of the fascinating things in this letter he is essentially calling for tim geithner, treasury secretary, only has a few months, says he will leave in president obama wins again, calling for him to create a new interest rate, an american-based
he is a buy has been on steve cohen's tail at sac capital. this guy is serious and going after geithner right now essentially demanding what he knew back in 2007 and 2008 when geithner was new york fed chairman and clearly was briefed and did an investigation on alleged manipulation of bib lore. that is what he is doing. demanding geithner come clean, tell us exactly what you knew. tell us about, did you even think of the consequences of manipulating libor? for example, cities and states,...
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Oct 4, 2012
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. >>> but first, those fed minutes right now with steve leisman. steve? >> brian, thanks very much. these are the minutes from the monumental meeting where the federal reserve decided on open-ended quantitative easing. the minutes show all members but one, the dissenter jeffrey lacker, agreed on quantitative easing. deciding without additional qe, the labor market would not improve given the underlying economic fundamentals. among the reasons for the decision, they looked at the europe crisis saying it polesed economic downside risk. members were concerned with the upcoming u.s. fiscal cliff and a number of participants highlighted the uncertainty of qe. i talk about members in the first part. those are voters. now participants are the fuller board. as we'll see in a little bit, this fuller board includes hawks but they're not in the voting rotation right now. some of those object as they say qe probably works best under financial market stress, not under the current conditions. it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is
. >>> but first, those fed minutes right now with steve leisman. steve? >> brian, thanks very much. these are the minutes from the monumental meeting where the federal reserve decided on open-ended quantitative easing. the minutes show all members but one, the dissenter jeffrey lacker, agreed on quantitative easing. deciding without additional qe, the labor market would not improve given the underlying economic fundamentals. among the reasons for the decision, they looked at the...
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>> i do. >> steve see you back in a bit? >> we'll talk about draghi at 8:30 and jobless claims. >>> right now breaking news, julia boorstin has more on what's happening with facebook. >> that's right, the facebook announcing it has 1 billion monthly active users and 600 million mobile users, mark zuckerberg saying, making this announcement saying "i'm committed to working each day to make facebook better for you and hopefully one day we'll be able to connect the rest of the world." this is a major milestone for the company. facebook hit 500 million active users, doubling its size in two years. mark zuckerberg taped an interview with matt lauer airing exclusively on the "today" show shortly, that sitdown his first since the ipo coming up later this afternoon. >> yesterday afternoon i saw a headline, facebook is going to charge you $7 if you want to send posts, headlines to your friends. sounded crazy. >> facebook is testing all sorts of different ad models and facebook gives you the option of paying to promote your post to yo
>> i do. >> steve see you back in a bit? >> we'll talk about draghi at 8:30 and jobless claims. >>> right now breaking news, julia boorstin has more on what's happening with facebook. >> that's right, the facebook announcing it has 1 billion monthly active users and 600 million mobile users, mark zuckerberg saying, making this announcement saying "i'm committed to working each day to make facebook better for you and hopefully one day we'll be able to...
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here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard about. take a look at how we got here. first a little bit of the math. the unemployment rate is calculated by essentially taking the number of unemployment and simply dividing it by the labor force. plug in the numbers. 7.8% unemployment rate gives us -- calculates from 12.1 million unemployed divided by the 155.1 million labor force. you can do that at home, if you like. and now here's what happened this month. okay? the number of unemployed dropped by nearly half a million. down by 456,000. the number of employed in this household survey up by 873,000. but wait, because the one thing we're watching here is the number of people who were employed but were part-time but they wanted full time work. we call it for economic reasons. up by 582,000. that's the third september
here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard about. take a look at how we got here. first a little bit of the math. the unemployment rate is calculated by essentially taking the number of unemployment and simply dividing it by the labor...
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steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
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the late crocodile hunter, steve irwin clutching his baby boy as he went face-to-face with predators? that baby is 8 years old. he fed a crock hymn for the first time at the family zoo in australia. >>> this mornings dish of scrambled politics. the debate is the most tweeted event in police cal history. it sparked more than 2 million tweets. big bird from "sesame street" caused the peak of the tweets at 17,000 per minute. when romney said he loved the character but wanted to eliminate funding for the show and all public broadcasting. celebs were lighting up the stooer. bill maher said, i can't believe i'm saying this, but obama looks like he needs a teleprompter. eva longoria said i'm in new zealand watching the debate. obama is killing it on health care. both need to speak slower. a nonpolitical bush weighed in. nfl running back reggie bush said romney was aggressive at times and won the debate but i think obama will be reelected as president. >>> jetblue is offering american who is might be upset about their candidates defeat a chance to follow through on threats to leave the countr
the late crocodile hunter, steve irwin clutching his baby boy as he went face-to-face with predators? that baby is 8 years old. he fed a crock hymn for the first time at the family zoo in australia. >>> this mornings dish of scrambled politics. the debate is the most tweeted event in police cal history. it sparked more than 2 million tweets. big bird from "sesame street" caused the peak of the tweets at 17,000 per minute. when romney said he loved the character but wanted to...
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steve, good to see you, thanks for being here. >> good to be here, david. david: the republican message, what's he got to make clear about the limit of the role of the government in our lives? >> well, i think if you talk to most business people, they say there's three legitimate roles for government in business. the first is regulation. from a regulatory stand point, the role of the government is to level the playing field, establish the boundaries, make sure that consumers are not getting hurt, but then get out of the way and let businesses compete, not continue to change the rules of the game once you're into the game, not continue to issue regulation after regulation. that is the regulation. second is taxation. america's taxed as the highest rate in the world. there's loopholes, and peek talk about it. the extraordinary rates drive investments overseas and diminish job creation here in the u.s.. we have over $2 trillion in cash sitting on balance sheets of u.s. corporations. taxation is an important area the government needs to lower and level the playi
steve, good to see you, thanks for being here. >> good to be here, david. david: the republican message, what's he got to make clear about the limit of the role of the government in our lives? >> well, i think if you talk to most business people, they say there's three legitimate roles for government in business. the first is regulation. from a regulatory stand point, the role of the government is to level the playing field, establish the boundaries, make sure that consumers are not...
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today, she is steve liesman's special guest. steve? >> tyler, thanks very much. she has been called america's top financial diplomat and is a special guest at a fortune magazine most powerful women conference in california. lael brainard joins us now. welcome to "power lunch," lael. >> it's a pleasure to be here. >> let's talk what tyler was talking about, this issue of spain and the question of whether or not it's going to ask for aid and trigger that ecb program. is it your opinion, the opinion of the u.s., that the europeans are following through on their latest set of commitments when it comes to solving their financial crisis? >> well, you're right, they've made a series of very important commitments over the course of the summer and into the fall. they are much better prepared. they have a set of tools that can help governments like spain continue to access the markets at affordable rates while they continue making these very challenging reforms. we have seen a number of developments in spain in recent days. we have seen a budget come out that continues to
today, she is steve liesman's special guest. steve? >> tyler, thanks very much. she has been called america's top financial diplomat and is a special guest at a fortune magazine most powerful women conference in california. lael brainard joins us now. welcome to "power lunch," lael. >> it's a pleasure to be here. >> let's talk what tyler was talking about, this issue of spain and the question of whether or not it's going to ask for aid and trigger that ecb program....
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steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot about our dual mandate responsibilities and i mentioned that with the unemployment rate at that time at 9% that was unacceptably high and we need to focus more on our dual mandate responsibilities. i feel good that our most recent statement and policy is focusing on strongly on the labor market, we're looking for substantial improvement in labor market conditions, the criteria for how long we're going to continue with very accommodative policies and that's a step in the right direction. >> a step in the right direction but is it enough? you want the fed to do this for a particular reason, which
steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot...
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to steve's point i would address this. i drove a cadillac -- when i brought my fwal to the prom as not in a pinto it was an el dorado. this 114,000 job number has to stick out to you. we're looking for 140 to 150,000. 114 is not a great number. >> most guys think that number will be revised. i'm not concerned about the 114, but i'm also not buying the 7.8. that's telling me we're making jobs at 200, 250. i have no problem believing the average in the past six weeks, 145 is where we are right now. >> guys? >> let's say 8%. call it 8% the rate. to pete's point the market wants to continue to go higher. obviously it sold off a little bit in the looft few minutes. understood. i still adhere to my comments the market doesn't give me this the long sell the highs which do i believe we have to push towards 1500, 1525 in the s&p and names we've hammered home. home depot at 12 1/2 year high. there are secular stories that continue to work and i believe they will continue network. >> what are you doing with this? >> well, listen, you
to steve's point i would address this. i drove a cadillac -- when i brought my fwal to the prom as not in a pinto it was an el dorado. this 114,000 job number has to stick out to you. we're looking for 140 to 150,000. 114 is not a great number. >> most guys think that number will be revised. i'm not concerned about the 114, but i'm also not buying the 7.8. that's telling me we're making jobs at 200, 250. i have no problem believing the average in the past six weeks, 145 is where we are...
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we're seeing investors come in because of all the right things, steve and i agree it's a good time to buy real estate. that said, there's investors coming into real estate, buying single family properties either renovating or renting it. when you flip to rent a single family home versus floipg buy you have far less multipliers. renters are hard on properties rather than owners. multipliers are much less but we're not seeing the real come back in single family housing starts that we would like to see to see if the jobs you really want to see. that's where the bang for the dollar is. that's why fed picked mortgaging backed securities to purchase to help that market. >> let's take this over to don for a second. you're the guy who can explain in very clear terms for my audience how it is with a combination of low interest rates and low property rates and a boom in housing, how much of a relationship that has to job creation. there still may be some people in this country who don't get what a big deal is that. how do you create jobs. >> number one is construction jobs. when there's demand
we're seeing investors come in because of all the right things, steve and i agree it's a good time to buy real estate. that said, there's investors coming into real estate, buying single family properties either renovating or renting it. when you flip to rent a single family home versus floipg buy you have far less multipliers. renters are hard on properties rather than owners. multipliers are much less but we're not seeing the real come back in single family housing starts that we would like...
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>> steve: over. i was wondering whether they had to change them or put a different color housing. >> brian: i'm going to look into that because that's the only thing i can do at my house is change bulbs. i would have been eligible to help them. i'm a good bulb guy. me and uncle fester. lockheed martin caving to pressure. agreeing to not issue required layoffs. but critics say the obama administration is more concerned with the election than thousands of workers. kelly wright live in washington. make heads or tails of this. >> here is one of the reasons why they're saying it's all dealing with the election. if lockheed martin issued its layoff notices, employees would have received those on november 2, just days before the general election. and in battle ground states like virginia where millions of people are employed who are working for defense contractors, a wave of job cuts there could have actually spelled trouble for president obama's hopes for a second term. lockheed's announcement that it will
>> steve: over. i was wondering whether they had to change them or put a different color housing. >> brian: i'm going to look into that because that's the only thing i can do at my house is change bulbs. i would have been eligible to help them. i'm a good bulb guy. me and uncle fester. lockheed martin caving to pressure. agreeing to not issue required layoffs. but critics say the obama administration is more concerned with the election than thousands of workers. kelly wright live in...